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will and should walk away from an offer after they had offered to compromise on taxes. obama has said that he wants a balanced approach. where are the cuts? >> grover norquist, president of americans for tax reform, author of the no-tax-hike pledge, but some people ar -- wants everybody to hold the line, but some people are weakening. i things starting to soften up there? >> tom cole, republican from oklahoma, a very astute politician, was it very honestly and openly a politician before he got elected to congress, and said that we ought to take the deal and cut taxes on 98% of people, basically rid ourselves of the fact that most people other than charles c., that the republicans have become the party of billionaires' and millionaires in this debate. that is what happened in the election of 2012. that really is a continuing problem for republicans. that is what you are seeing to it is not just anti-grover norquist movement. it is a realization that they have a political problem. >> a lot of positive signs for a deal. one is that grover norquist, who is kind of a ridiculous figure, it has been
. >>> over in the united states, president barack obama is urging republicans to approve a tax hike on the wealthy. he says this is needed to avert the impending fiscal cliff of automatic austerity measures that could drag the economy into recession. obama said on wednesday that federal revenues will not reach the level needed to implement his proposals to cut the deficit unless taxes are raised on the wealthy. >> there is a bottom-line amount of revenue that is required in order for us to get a real, meaningful deficit reduction plan. >> obama added that if republican officials acknowledged this reality, the actual numbers proposed by each party are not that far apart. republicans have made a counteroffer. they want to raise revenue by reviewing the current tax deduke system. house speaker john boehner has urged the president to compromise. >> our members believe strongly that raising tax rates will hurt the economy. now we need a response from the white house. >> unless the two sides reach an agreement by the end of this year, the automatic tax increases and spending cuts will tak
talks. the obama administration and opposition republicans remain at odds over how to avert the falling off the fiscal cliff. let's take a look at currency markets. the dollar is also little change against the yen as u.s. budget talks continue. dollar/yen is in the upper 81 levels, 81.88 to 90. the euro, that is higher against the yen, 107.27 to 30 at the moment. worries are reseeding over eurozone debts. let's take a look at other markets in the apple open. kospi is trading flat on the day, 1,934. looking at australia, the benchmark index is trading higher by 1/10 of a percent, 4,508. modest moves so far this morning in the asia pacific. >>> japan and india launched a new framework to provide bilateral credit in u.s. dollars. the aim is to ease the impact of possible turmoil in the global financial markets on asia. the two countries worked out the details on tuesday. japan's prime minister and his indian counterpart had signed the currency agreement a year ago. under the framework both countries will be able to exchange up to $15 billion over the next three years. the two countries had
forces. the statement echoes a strong warning issued by u.s. president barack obama on monday. >> more than 40,000 people have been killed since the uprising began in march 2011. here's a look at what the alliance's defense will look like on turkey's border to syria. >> it is designed to detect, intercept, and hit an enemy missile. there are batteries like these stationed in germany. some could be deployed to turkey within weeks. berlin is calling it a legitimate request from a nato ally. >> turkey has already been hit by cross-border mortar fire from syria, so it is understandable that turkey is holon and has asked the alliance for a sign of solidarity. refusing that request would have profound implications for the alliance and send the wrong signal to the regime of president assad. >> nato is warning damascus not to cross a red line, for instance, by using chemical weapons. >> the use of chemical weapons would be completely unacceptable for the whole international community, and if anybody resorts to these terrible weapons, i would expect an immediate reaction. >> apart from germany,
" forbes" has named barack obama as the world's most powerful person in its annual rankings. german chancellor angela merkel is in second place while russian president vladimir putin is in third. >> in the wake of the typhoon, the philippines is calling on united nations negotiators to do more about climate change and global warming. >> representatives from nearly 200 countries are gathered for a summit on the environment. they hope to find ways to lower emissions worldwide. >> but there are deep divisions, and many expect there will not be any results from the talks, which and tomorrow. >> dw spoke earlier to the head of the u.n. environment program and we asked him if anything at all could come out of this conference. >> we still have to give you a days ago, and i believe there will be a number of outcomes. the green climate fund, the kyoto protocol extension -- these are fundamental building blocks of an international climate process, but ever since copenhagen, we are pursuing a search for a new framework for global climate cooperation, and doha in itself will not deliver that. w
. >> but as the holidays draw closer, u.s. president barack obama and his family have lit the national christmas tree outside the white house. >> it is an annual tradition dating back to 1923. this year's giant blue spruce is new and will remain planted outside the white house throughout the year. the tree is lit by 450 strands of alley delights and 120 star ornaments. >> that looks like a fun party. >> beautiful christmas in the white house for sure. that is all we have run out. thanks for watching. >> do not forget, you can find more on our website at see you soon. ????ovív"d
employment data after president barack obama was re-elected. the unemployment rate last month fell to 7.7% from 7.9% in october. the jobless rate has now been below 8% for three straight months. u.s. employers added 146,000 jobs in the nonfarm sector such as retail trade, professional, and business services and health care. that's more than economists had forecast. u.s. employers added 138,000 jobs in october. the officials of the labor department say hurricane sandy, which shook the country's east coast in late october, did not substantively impact the national unemployment estimates for november. >>> a legal battle between two smartphone giants, apple of the united states and samsung of south korea, rages on. the california federal district court has reopened the case over smartphone and other patents. the court has resumed a hearing before handing down its final ruling. back in august, a jury ordered samsung to pay more than $1 billion to damages in apple. now samsung is seeking to overturn that verdict. in thursday's session the judge urged the two sides to reach a settlement on a g
invasion. president obama making history twice, becoming the first u.s. president to set foot in cambodia and burma. cambodia, host of the east asia summit, is also the last stop in the president's four-day trip to southeast asia, which included a stop in thailand and a chance to discuss human rights. in burma, the president and secretary of state, hillary clinton, meeting with longtime opposition leader aung san suu kyi at her home, where she spent 20 years under house arrest. the president applauding the nation's democratic efforts. >> i want to make a pledge to the people of this country that i am confident we can keep. and that is if we see continued progress towards reform, our bilateral ties will grow stronger, and we will do everything we can to help ensure success. >> let the twinkie hoarding begin. hostess brands, maker of wonder bread, ding dongs, ho hos, and twinkies is shutting its doors, putting a possible end to an era of iconic treats, the company in bankruptcy court, selling off its assets instead of restructuring, leaving the sweet treats up for grabs to the highest bidde
Search Results 0 to 7 of about 8